How Do Young Innovative Companies Innovate?
نویسندگان
چکیده
This paper discusses the determinants of product innovation in young innovative companies (YICs) by looking at in-house and external R&D and at the acquisition of external technology in embodied and disembodied components. These inputoutput relationships are tested on a sample of innovative Italian firms. A sampleselection approach is applied. Results show that in-house R&D is linked to the propensity to introduce product innovation both in mature firms and YICs; however, innovation intensity in the YICs is mainly dependent on embodied technical change from external sources, while -in contrast with the incumbent firmsin-house R&D does not play a significant role. JEL-classification: O31
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